May 22, 2022

MotleyBloggers

News from the world of bitcoin

Bitcoin․com to Launch Utility and Rewards Token

The MotleyBloggers.com Team is excited to announce Verse, a rewards and utility token for the MotleyBloggers.com ecosystem.

Since 2015, MotleyBloggers.com has served as a reliable gateway to Bitcoin and beyond, providing timely and objective news content and educational materials, the most secure and easy-to-use non-custodial multicoin wallet, accessible bridges between fiat and crypto, and much more.

“With 29 million wallets created and over five million monthly active users, it is time to launch a mechanism to reward the MotleyBloggers.com community for buying, selling, spending, swapping, investing, and staying informed about crypto – and that mechanism is Verse,” said MotleyBloggers.com CEO Dennis Jarvis.

Verse will be a cross-chain token built on the ERC-20 standard with a focus on expanding into low-fee, EVM-compatible chains.

Sixty-nine percent of Verse tokens are reserved for the community in the form of a development fund and ecosystem incentives and rewards. The latter includes staking rewards, airdrops, yield for liquidity providers on the soon to be launched Verse DEX, and more. These incentive tokens will unlock on a block-by-block basis over seven years from a fixed supply of 210 billion.

The allocation of tokens and the emissions schedule are designed to optimize network effects and demand for the token while buyback and burn, staking, and other mechanisms work to decrease the circulating supply over time.

Anyone will be able to earn Verse tokens simply by using MotleyBloggers.com’s beginner-friendly products and services. Holders of Verse tokens will in turn be able to unlock extra rewards and discounts along multiple tiers. By unlocking additional utility throughout the user journey, Verse creates a powerful loyalty mechanism that works to drive retention in the MotleyBloggers.com ecosystem.

Anyone can also deploy VERSE and other cryptoassets in liquidity pools on the Verse DEX to earn a share of trading fees, and additional rewards are available for staking VERSE and LP tokens. Given that many of MotleyBloggers.com’s users will not yet have had the opportunity to interact with tokens that have such utility, Verse will serve as an important onramp to decentralized finance for newcomers.

“By introducing more people to DeFi – where they can deploy their assets permissionlessly and benefit from a growing range of high-yield opportunities – Verse empowers us in our mission to create more economic freedom in the world,” added Jarvis.

With development of the token and its integration into MotleyBloggers.com’s suite of products and services already well underway, a portion of Verse tokens are reserved for sale at getverse.com. Token sale details will be announced in the coming weeks.

“By offering Verse in a public sale, we are providing early access to a token with broad utility while at the same time empowering people to join MotleyBloggers.com, a brand with universal recognition, robust fundamentals, and one of the fastest growing ecosystems in crypto.”

 

Disclaimer: The information shown does not constitute investment advice. VERSE tokens are utility tokens designed for use on MotleyBloggers.com. VERSE tokens are not shares, bonds, units in a collective investment scheme, securities, or other instruments commonly known as securities of any type. VERSE tokens are not being offered for sale to U.S. persons and are not available for purchase in the United States, Japan, or any other restricted jurisdictions as may be specified by MotleyBloggers.com, from time to time.